EURUSD Asia briefing — 2026-08-12

BIAS BULLISH. D1 structure firmly bullish; H4 EMA confirms. H1 neutral and RSI midrange don't negate the higher timeframe conviction. KEY LEVELS R: 1.155, 1.159, 1.16 | S: 1.15, 1.145, 1.13542 NEWS 🔴 CPI MoM & YoY (USD) — Wed 12:30 UTC 🟡 MBA Mortgage Applications — Wed 11:00 UTC SESSION OUTLOOK CPI data midday drives volatility. Watch 1.155 hold as buyers test resistance; breach into 1.159 extends the bullish case.

Key Levels

R: 1.15500 · 1.15900 · 1.16000

S: 1.15000 · 1.14500 · 1.13542